BBC Home
Explore the BBC
BBC News
Launch consoleBBC NEWS CHANNEL
Last Updated: Wednesday, 13 June 2007, 07:01 GMT 08:01 UK
Overseas sales boost Zara owner
Zara store
British shoppers have taken to Zara's "cheap chic" clothes
Overseas sales and cost controls have helped the owner of the Zara fashion chain to report market-beating profits for the February-to-April quarter.

Spain's Inditex reported a rise in net income of more than a third to 200m euros ($266.1m; 134.8m).

One of Europe's fastest-growing fashion retailers, Inditex said it also gained from the weak US dollar in which it buys most of its raw materials.

It opened 114 stores worldwide in the quarter and now has 3,245 outlets.

It also announced plans for further expansion, aiming to open between 440 and 520 new stores worldwide across its eight brands - which also include Pull and Bear, and Bershka - during the 2007 financial year.

The retailer's Zara franchise, which is designed to offer cheap fashion, is a popular format in the UK.

Spain resizes clothes for women
26 Jan 07 |  Europe
Zara and H&M to keep up expansion
29 Mar 06 |  Business
Fashion chains hurt by weak sales
16 May 07 |  Business

The BBC is not responsible for the content of external internet sites

Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit


Americas Africa Europe Middle East South Asia Asia Pacific